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Question - Stellar corporation made credit sales of $43,800 which are subject to 7% sales tax. The corporation also made cash sales which totaled $18,618 including the 7% sales tax.
Prepare the entry to record Stellar's credit sales. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Prepare the entry to record Stellar's cash sales. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
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